Beauty Store Business

NOV 2018

Beauty Store Business provides solutions for better retailing! New products, industry news, savvy business moves and important trends affecting both brick-and-mortar and online retailers are included in each issue.

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MonthiraYodtiwong/gettyimages.com 42 November 2018 | beautystorebusiness.com Follow these loss-prevention tips to saeguard your store against the rom shoppers– and your own employees. By William J. Lynott I t's only natural or you to place a great deal o trust in your employees. That's as it should be–but it's important to keep your guard up. Unortunately, employee thet is a growing national problem, and our economy isn't making things any easier. According to the FBI, "employee thet is the astest-growing crime in America." Employee thet occurs when a worker steals merchandise, money or property while on the job. Even wasted or stolen time is a orm o employee thet. From a strictly legal perspective, a thet is committed when an employee takes something with the intent o depriving the merchant o the stolen item's value. Even more important than legal considerations is the devastating damage to the business that can result rom employee dishonesty. Even i you are conident that employee thet is not a problem in your store, it's important or you to recognize the telltale signs and know how to build and maintain an environment that will help your sta avoid temptation. Arguably, there is no business more susceptible to the harmul eects o employee dishonesty than a retail store. Preve ti THEFT

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